Which of the following is a type of employee exempt from licensing?

On-site rental or apartment agents are considered a type of employee exempt from licensing because they typically work under the supervision of a licensed real estate broker and conduct activities within a specific property, such as showing apartments and collecting rental applications. Their role is more about direct management and interaction with potential tenants rather than independent real estate transactions. This exemption is generally intended to facilitate the functioning of leasing operations in residential properties, allowing for smoother and more efficient tenant placements without requiring each employee to hold a real estate license.

In contrast, managers of investment properties usually require some level of licensing because they may be involved in broader property management activities. Real estate educators might engage in teaching but are often not involved in direct real estate transactions. Investors acting independently usually do not fall into an exempt category at all, as they are often regarded as engaging in real estate activity, which typically requires a license. Thus, on-site rental or apartment agents are specifically recognized as exempt due to the supportive nature of their role within a licensed operation.